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You are here: JocoGov > Human Resources > Pay & Performance > Comp Philosophy

Compensation Philosophy

Adopted through the FY 2003 Budget ProcessPlease contact Classification and Compensation Services at 715-1400 with questions regarding this information.

Total compensation includes both direct compensation (i.e., wages) and indirect compensation (i.e., benefits).  The purpose of having a compensation philosophy is to document an organizational vision with regard to the factors that will be considered in determining how employees will be compensated (i.e., paid).  Determining those factors requires consideration of the following questions:

  1. What type of applicants are we seeking?
  2. What is our retention policy?
  3. How much do we want to invest in employees by orienting and training them to succeed in their jobs? 
  4. What is our market?  (Market is defined as the recruitment zone and/or salary comparison areas used to help guide fair, consistent, and specific market-competitive pay decisions.)
  5. What resources will we use to assess the market? 
  6. How often will we assess the market?
  7. Do we want to lead, match, or lag the market with regard to pay?
  8. What factors will drive pay adjustments, e.g., merit, market, cost of living?  (As you know, our current system provides a merit pool to departments/agencies that is used by supervisors to determine pay rate increases based on employee performance.)
  9. How are pay and benefits balanced to provide a comprehensive compensation program?

   Compensation Philosophy Introduction: (click to expand)


   Total Compensation Program Elements: (click to expand)


   Market Position: (click to expand)


   Program Administration: (click to expand)


   Benefits: (click to expand)

 


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This page last updated: August 9, 2006